Asia Private Equity Weekly News, August 6, 2013

PRIVATE EQUITY firm Cerberus Capital Management exited the last of its position in Aozora Bank onThursday through a 28.2 billion yen ($285.53 million) blocktrade, equivalent to a 5.85 percent stake, that priced at 292yen per share, IFR reported.

PRIVATE EQUITY is poised to take off in Pakistan, withcontrarian investors betting that the country is endowed withfar greater potential than news reports chronicling Talibanbombings, the war in neighbouring Afghanistan or an evolvingdemocracy's frequent bouts of political drama might imply.

AS CHINA'S first-generation entrepreneurs hit retirementage, more than 3 million private businesses will have to dealwith succession issues in the next 3-8 years, according to datafrom the Chinese Academy of Social Sciences.

BRITAIN'S LLOYDS Banking Group is preparing to exitthe Australian market, seeking to sell a leasing unit with abook value of $3.6 billion and a $625 million institutional loanportfolio, three sources familiar with the situation said.

U.S. INSURER American International Group Inc saidit was still in talks with a Chinese consortium regarding thesale of its ILFC aircraft leasing unit for about $4.8 billion.

BARING PRIVATE Equity Asia said it had agreed to buy SouthKorean parcel service company Logen Co Ltd for an undisclosedsum, which Korean media reported at around $140 million.

CHANDLER CORPORATION said it had agreed to acquire 8.3percent of issued and outstanding common shares in Vietnam's MaSan Group Corp, taking its stake to 11.14 percent of MaSan and becoming one of the company's largest shareholders. ()

CHINA-FOCUSED Mandarin Capital Partners said it has sold its70 percent stake in Italian valve parts maker, GasketInternational, to Hutchinson S.A., a French headquarteredmultinational corporation, for an undisclosed sum. ()

JULY 31

JAPANESE REGIONAL lender Ashikaga Holdings Co Ltd, owned bya Nomura-led group of investors, has applied to list on theTokyo Stock Exchange in what could be a $1 billion share offerbefore the end of the year, two sources close to the deal said.

FORMER ALIBABA.COM CEO David Wei and Francis Leungof Sun Hung Kai & Co are among investors that haveagreed a share placement in Hong Kong-listed AV Concept HoldingsLtd, which has investments in gaming and mobile phonesoftware, AV Concept said in a statement. ()

KROLL ADVISORY Solutions said that Peter Glanville hasjoined the firm as an associate managing director based in HongKong for its investigations and disputes practice.($1 = 98.7650 Japanese yen)($1 = 1.1223 Australian dollars)